Alternative Currency Rate means the Alternative Currency Daily Rate or the Alternative Currency Term Rate, as applicable.
Alternative Currency Rate means, with respect to any Alternative Currency on any day, the sum of (a) the rate that represents the cost to Chase of overnight funds as of such day in the applicable Alternative Currency (in any currency market selected by Chase for the purpose of quoting such rate, regardless of whether Chase actually borrows funds in such market on such day) plus (b) the Applicable Rate with respect to Eurodollar Revolving Loans.
Alternative Currency Rate means, with respect to any Alternative Currency Funding, the annual rate equal to the sum of (i) the Alternative Currency Base Rate, and (ii) the applicable Eurodollar Rate Margin.
Examples of Alternative Currency Rate in a sentence
Swingline Alternative Currency Loans shall bear interest at the applicable Swingline Alternative Currency Rate.
The applicable Alternate Base Rate, Adjusted LIBO Rate or Alternative Currency Rate shall be determined by the Administrative Agent, and such determination shall be conclusive absent manifest error.
Any automatic conversion to a Base Rate Loan shall be effective as of the last day of the Interest Period then in effect with respect to the applicable BSBY Rate Loan or Alternative Currency Rate Term Loan.
No replacement of an Alternative Currency Rate with a Benchmark Replacement pursuant to this Section 4.03(c) will occur prior to the applicable Alternative Currency Benchmark Transition Start Date.
Each such notice shall specify the date and amount of such prepayment and the Type(s) of Loans to be prepaid and, if BSBY Rate Loans or Alternative Currency Rate Term Loans are to be prepaid, the Interest Period(s) of such Loans.
More Definitions of Alternative Currency Rate
Alternative Currency Rate means the Alternative Currency Daily Rate or the Alternative Currency Term Rate, as applicable. With respect to any Alternative Currency Rate, the Administrative Agent will have the right to make Alternative Currency Conforming Changes from time to time and, notwithstanding anything to the contrary herein, in this Agreement or in any other Loan Document, any amendments implementing such Alternative Currency Conforming Changes will become effective without any further action or consent of any other party to this Agreement or any other Loan Document; provided, that, with respect to any such amendment effected, the Administrative Agent shall post each such amendment implementing such Alternative Currency Conforming Changes to the Borrower and the Revolving Credit Lenders reasonably promptly after such amendment becomes effective. Notwithstanding the foregoing, if in connection with any request for an Alternative Currency Loan or a continuation of any of such Loans, as applicable, (A) the Administrative Agent determines (which determination shall be conclusive absent manifest error) that (x) no Successor Rate for the Relevant Rate for the applicable currency has been determined in accordance with clause (b) below and the circumstances under clause (b)(x) below or the Alternative Currency Scheduled Unavailability Date has occurred with respect to such Relevant Rate (as applicable), or (y) adequate and reasonable means do not otherwise exist for determining the Relevant Rate for the applicable currency for any determination date(s) or requested Interest Period, as applicable, with respect to a proposed Alternative Currency Loan, or (B) the Administrative Agent or the Required Revolving Credit Lenders determine that for any reason that the Relevant Rate with respect to a proposed Loan denominated in a currency for any requested Interest Period or determination date(s) does not adequately and fairly reflect the cost to such Lenders of funding such Revolving Credit Loan, the Administrative Agent will promptly so notify the Borrower and each Revolving Credit Lender. Thereafter, (x) the obligation of the Revolving Credit Lenders to make or maintain Revolving Credit Loans in the affected currencies, as applicable, shall be suspended in each case to the extent of the affected Alternative Currency Loans or Interest Period or determination date(s), as applicable, in each case until the Administrative Agent (or, in the case of a determination by the Required Revolving Cre...
Alternative Currency Rate means, for any Eurodollar Rate Loan denominated in Sterling, LIBOR, for any Eurodollar Rate Loan denominated in Canadian Dollars, the CDOR Rate, and for any Eurodollar Rate Loan denominated in Euros, the EURIBOR Rate, as applicable.
Alternative Currency Rate means (a) in respect of Dollar Denominated Loans,Euro Denominated Loans, Sterling Denominated Loans, Australian Dollar Denominated Loans and Canadian Dollar Denominated Loans, the applicable Eurocurrency Rate and (b) in respect of Loans denominated in an Alternative Currency other than Dollars, Australian Dollars, Canadian Dollars, Euros and Pounds Sterling, a rate agreed to by the Borrower, the Administrative Agent and the Revolving Credit Lenders at the time that such Alternative Currency is approved in accordance with the definition thereof; provided that the Alternative Currency Rate shall never be deemed to be less than 0.00%.
Alternative Currency Rate means (a) in respect of Dollar Denominated Loans, Euro Denominated Loans, Sterling Denominated Loans, Australian Dollar Denominated Loans, Canadian Dollar Denominated Loans and Japanese Yen Denominated Loans, the applicable Eurocurrency Rate or Term SOFR, as applicable and (b) in respect of Loans denominated in an Alternative Currency other than Dollars, Australian Dollars, Canadian Dollars, Euros, Pounds Sterling and Japanese Yen, a rate agreed to by the Borrower, the Administrative Agent and the Revolving Credit Lenders at the time that such Alternative Currency is approved in accordance with the definition thereof; provided that the Alternative Currency Rate shall never be deemed to be less than 0.00%. “Alternative Currency Revolving Credit Loan” shall mean a Revolving Credit Loan denominated in an Alternative Currency. -6- #96562806v11
Alternative Currency Rate means the Alternative Currency Term Rate, the Alternative Currency Daily Rate or the Eurocurrency Rate. “Alternative Currency Term Rate” means, for any Interest Period, with respect to any extension of credit under the Credit Agreement denominated in Euro, the rate per annum equal to the Euro Interbank Offered Rate (“EURIBOR”), as published on the applicable Reuters screen page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time) on the day that is two (2) TARGET Days (as defined in the Credit Agreement) preceding the first day of such Interest Period with a term equivalent to such Interest Period; provided, that, if any Alternative Currency Term Rate shall be less than zero, such rate shall be deemed zero for purposes of this Agreement. “Alternative Currency Term Rate Loan” means a Loan that bears interest at a rate based on the definition of “Alternative Currency Term Rate.” All Alternative Currency Term Rate Loans must be denominated in an Alternative Currency. 4 #96352060v15 #96352060v15
Alternative Currency Rate means, with respect to an Alternative Currency Loan that is (x) an Alternative Currency Daily Rate Loans, the Alternative Currency Daily Rate and (y) an Alternative Currency Term Rate Loan, the Alternative Currency Term Rate. [Credit Agreement]